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BBS/Peston: Ofcom to rule on News Corp's 'fitness' to own BSkyB

This is very interesting, because it's going to be very hard for Ofcom to break ranks and rule in favour of NI without causing a media storm.

And if they rule against Murdoch, NI's stock price is going to tank, and his aura of relative infallibility is going to be destroyed.

As one of yesterday's headlines said: "Sky falls in on Murdoch."

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Jul 8th, 2011 at 10:39:58 AM EST
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They've apparently requested evidence from the current met investigastion, I don't see how they can't declare the org not fit and proper.

NOTW is £90 million a year profit out of the country. and if the sky ownership fails as he isn't fit and proper, then does he have to sell the other 40% he owns.

On top of that a not fit and proper person ruling anywhere in the world means a ten year ban from media ownership in China.

The Sky is really falling in....

Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Fri Jul 8th, 2011 at 12:01:19 PM EST
[ Parent ]
how they can declare, not how they can not declare

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Jul 8th, 2011 at 12:07:02 PM EST
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